Scott Kennedy

Scott Kennedy

Scott Kennedy is Senior Adviser, Freeman Chair in China Studies and director of the Project on Chinese Business and Political Economy at the Centre for Strategic and International Studies. He is autho

r most recently of China’s Risky Drive Into New-Energy Vehicles.

China’s industrial policies distort the market
“Made in China 2025” is part of a large complex of Chinese industrial policies that can bring damage to the world because of the scale of the Chinese economy. In carrying out these policies, China has used subsidies, limits to market access, local content requirements and distinctive standards – all policies which don’t create a level playing field in China and potentially beyond. They are deeply distortionary and discriminatory. Why does this matter? Lots of countries have had industrial policies, and they haven’t driven the world economy over the edge. The problem with China is the size of the country. China’s market distortions become global market distortions and that could be damaging f
China’s industrial policies distort the market